Generic settlements over Exelon and Imitrex
Indian drugmaker Dr Reddy's Laboratories has settled US generic litigation with Novartis that will allow it to market a copycat version of the Swiss drug major's Exelon (rivastigime) patch for Alzheimer's disease before the patent expires. The launch date and other terms of the deal were not disclosed. In separate news, Ranbaxy Laboratories reached a settlement with GlaxoSmithKline that will allow it to launch a generic version of the UK drug major's $985.0 million-a-year migraine drug Imitrex (sumatriptan) in December, with no other generic rivals for 180 days.
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